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There's one golden investment rule that you should always keep in mind: Never invest money that you can't afford to lose. This rule will help you to overcome the fear of losing opportunity and enhance your confidence in trading.
Tremblay posted: If you are new in this market, you have to be very careful when you are going to trade. You need to make a good plan to make money from this market. A wrong decision can put you in great danger.
True. New traders should trade safely. Most of time new traders lose money in the market.
AliaDare posted: If you are scared after entering the trade, the chances of loss are much higher. So you have to overcome the fear and participate in the trade.
I agree. FOMO is a common thing we experience but over the time I have learnt that in forex one can't survive by being fearful. Confidence and faith is what will help you tap the opportunity on the right time.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
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